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[Jan 2018] Fairfax Africa Fund LLC Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Fairfax, American Investment Firm, to Buy 75pc of State-Owned Cork Maker

The Privatization & Public Enterprise Supervising Agency (PPESA) has finally decided to award Ethiopian Crown Cork & Can Manufacturing Industry S.C. (ECCCMI) to Fairfax Africa Fund, LLC, a company that offered 206.2 million Br to purchase 75pc of the state owned enterprise.

On March 5, 2015, the agency made an opening for three companies, ECCCMI, Agricultural Mechanisation Services Enterprise, and Bilito Siraro Farm. Moreover, two companies, Bahir Dar Textile S.C and Kombolcha Textile S.C were made available by the Agency

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